Buy a life insurance plan in a few clicks

Now you can buy life insurance plans completely online right here.

  • Kotak e-Term Plan

    Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.


Get a Call

Enter your contact details below and we will get in touch with you at the earliest.

  • Select your Query

Thank you

Our representative will get in touch with you at the earliest.

Kotak Assured Savings Plan

A Non-Participating Endowment Assurance Plan

Take confident steps towards your financial goals. Life insurance policies are more than just modes of protection. They can also play an active role in helping you reach your financial goals. The Kotak Assured Savings Plan enables you to accumulate wealth and strengthens your finances for the future. It not only offers you affordable protection but also helps accumulate enough wealth to help achieve your financial goals through guaranteed benefits.

How it works

  • Mr. Shetty is a 35 year old family man

    With Kotak Assured Savings Plan, he chooses a premium payment term of 10 years for a policy term of 15 years
    He pays an annual premium of Rs. 1,00,000/-*

  • He determines the Basic Sum Assured as per Premium, Policy Term, Premium Payment Term and his age

  • Premium payment term expires and the policy continues till maturity

  • At maturity, Mr. Shetty receives Guaranteed Maturity Benefit which is Sum of Basic Sum Assured + Accrued Guaranteed Yearly Additions + Guaranteed Loyalty Addition

  • Mr. Shetty nominates his wife. In case of an unfortunate event of Mr. Shetty’s death during the term of the plan, she would receive Basic Death Benefit + Guaranteed Yearly Additions accrued as on the date of death.

    * The above Premium figures are exclusive of Goods and Services Tax and Cess. Goods and Services Tax and Cess thereon, shall be charged as per the prevalent tax laws over and above the said premiums.

Key features

  • Guaranteed@ Maturity Benefit: Payable at maturity

    Get Basic Sum Assured PLUS Accrued Guaranteed@ Yearly Additions PLUS Enjoy Guaranteed@ Loyalty Addition

  • Get increasing life cover

    Enjoy Guaranteed@ Yearly Additions added every time you pay the premium - payable at maturity or death, whichever is earlier.

  • Enjoy higher benefits with longer premium commitment

    Get increased Guaranteed@ Yearly Additions and Guaranteed@ Loyalty Addition with increase in Premium Payment Term (PPT)

  • Get more value for money

    Through high premium benefit leading to higher Basic Sum Assured

  • Enhanced protection

    Through a wide range of Riders

  • Enjoy tax benefit

    as per applicable tax laws


  • Age criteria

    • Entry Age: Min: 3 years | Max: 60 years
    • Maturity Age: Min: 18 years | Max: 75 years
  • Policy and Premium Payment Term (PPT)

    • PPT Policy Terms
    • 5 pay 10 / 15 yrs
    • 6 pay 12 / 18 yrs
    • 7 pay 14 / 20 yrs
    • 10 pay 15 / 20 yrs
  • Annualized Premium

    • Minimum:Rs. 20,000 <
    • Maximum: No limit, subject to underwriting
  • Premium Payment Option

    • Limited only
  • Minimum Basic Sum Assured

    Determined on the basis of minimum premium amount, entry age, policy term and PPT

    For example: For 20,000 annual premium Basic Sum Assured for entry ages 3 & 60 yrs will be:

    • Age - 3 years

    Policy Term - 15 years

    Premium payment term - 5 years

    Basic sum assured (Rs.) - 1,36,780

    • Age - 3 years

    Policy Term - 20 years

    Premium payment term - 10 years

    Basic sum assured (Rs.) - 2,42,340

    • Age - 60 years

    Policy Term - 15 years

    Premium payment term - 10 years

    Basic sum assured (Rs.) - 1,19,896

    For details, please refer to the premium calculator on our website.

  • Premium Payment Mode

    • Yearly, Half yearly, Quarterly, Monthly
  • Premium Modal Factor (% of annualized premium)

    • The following modal loadings will be used to calculate the installment Premium:
    • Yearly - 100%, Half yearly - 51%, Quarterly - 26%, Monthly - 8.8%

Additional protection with optional Riders

  • Kotak Term Benefit

    In case of death of the life insured, rider sum assured will be paid in addition to the death benefit under the base plan.

  • Kotak Accidental Death Benefit Rider

    In case of death of the life insured due to accident, rider sum assured will be paid in addition to the death benefit under the base plan.

  • Kotak Permanent Disability Benefit Rider

    In case of life insured being permanently disabled due to accident, benefit is paid in installments.

  • Kotak Life Guardian Benefit

    In case of death of the policyholder (if different from Life Insured), outstanding premiums are waived and will be paid by Kotak Life Insurance.

  • Kotak Accidental Disability Guardian Benefit

    In case of accidental disability, outstanding premiums are waived and will be paid by Kotak Life Insurance.

  • Kotak Critical Illness Plus Benefit Rider

    Rider Sum Assured shall be paid in part or whole, in case the Life Insured is diagnosed with any of the 37 Critical Illnesses (subject to terms and conditions)

Calculate premium

Enter a few details to calculate your premium instantly.

Calculate premium


Download the brochure to know more about the plan and how it can benefit you.

Need help with life insurance?

Request a Life Advisor

Select City
Savings and Investments Plans

Call on toll free number 1800 209 8800(8:00 am to 10:00pm)

Call our toll free number and our representative will help you buy the most suitable plan.

Get details of your policy on our WhatsApp servicing.

Say "Hi" to 93210 03007

Read about Tax benefits & Plan Disclaimer

Tax Benefits & Disclaimers

You may avail of tax benefits under Section 80C, and Section 10(10D) of Income Tax Act, 1961 subject to conditions as specified in those sections.Tax laws are subject to amendments from time to time. Customer is advised to take an independent view from tax consultant.

Terms & Conditions

@Guaranteed benefits due under this plan are available provided premiums are paid regularly for the entire premium payment term and the policy is in force. This is a savings-cum-protection oriented non-participating endowment assurance plan. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.For more details on riders, please read the Rider Brochure.

Kotak Assured Savings Plan UIN: 107N081V02, Form No: N081 Kotak Term Benefit Rider - 107B003V03, Kotak Life Guardian Benefit Rider - 107B012V02, Kotak Accidental Disability Guardian Benefit Rider - 107B011V02, Kotak Critical Illness Plus Benefit Rider UIN No.: 107B020V01, Form No.: B020,

Ref. No.:KLI/19-20/E-WEB/402

Regd. Office:

Kotak Mahindra Life Insurance Company Ltd.

Reg No. 107
CIN : U66030MH2000PLC128503
2nd Floor, Plot # C- 12, G- Block, BKC,
Bandra (E), Mumbai - 400051
Toll Free: 1800 209 8800 (8 am to 10 pm)


IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.

Similar plans

  • Kotak Invest Maxima

    Kotak Invest Maxima is an investment oriented unit-linked life insurance plan with maximum premium allocation and a Systematic Switching Strategy that allows you to enter the equity market in a systematic manner.

    Know more
  • Kotak Sampoorn Bima Micro-Insurance Plan

    Kotak Sampoorn Bima Micro Insurance Plan is a single premium plan with fixed term of 5 years to cater to the needs of low-income customers.

    Know more
  • Kotak Single Invest Plus

    Kotak Single Invest Plus is a single premium unit linked plan where, by just paying once, you can reap benefits and also stay protected.

    Know more
  • Kotak Single Invest Advantage

    Kotak Single Invest Advantage is a hassle-free unit linked plan, where you invest once and reap the benefits throughout the policy term.

    Know more
  • Kotak Platinum Plan

    Kotak Platinum is an investment plan with an unmatched combination of three investment strategies and flexibilities for complete control over your investments.

    Know more
  • Kotak POS Bachat Bima

    Kotak Life Insurance presents a simple savings and protection oriented plan, which provides all guaranteed benefits while giving life insurance cover – Kotak POS Bachat Bima.

    Know more
  • Kotak Ace Investment

    Kotak Ace Investment Plan is designed with the clear objective of helping you accumulate wealth and provide you adequate life cover.

    Know more
  • Kotak Assured Income Accelerator

    Kotak Assured Income Accelerator ensures that you get Guaranteed Income every year on the same amount of savings and that the Guaranteed Income increases year on year.

    Know more
  • Kotak Premier Endowment Plan

    Kotak Premier Endowment Plan offers Guaranteed Additions in the first 5 policy years and also works to provide you a corpus through continued bonuses.

    Know more
  • Kotak Premier Moneyback Plan

    Kotak Premier Moneyback Plan is a limited pay plan that provides lump sum payouts at regular intervals to meet your interim financial requirements and let you offer the best to your family.

    Know more
  • Kotak Classic Endowment Plan

    Kotak Classic Endowment Plan is a long term protection cum savings plan that offers protection benefit while earning bonuses during the policy term.

    Know more
  • Kotak Premier Income Plan

    Kotak Life Insurance presents Kotak Premier Income Plan a savings and protection oriented plan that provides Guaranteed Annual Income immediately after the premium payment term to provide you with an additional annual income.

    Know more
  • Kotak SmartLife Plan

    A Limited Pay Non-Linked Participating Life Insurance plan. You earn and work hard to accomplish your dreams and aspirations at every stage of life.

    Know more
  • Kotak Premier Life Plan

    Kotak Premier Life Plan is a limited premium paying participating whole life plan, where you can choose to receive bonus payouts even after premium payment term expires.

    Know more
  • Kotak Guaranteed Savings Plan

    A Non-Linked Non-Participating Life Insurance plan

    Know more